would go dark. paychecks for troopsinafghanistanandiraq would stop. >> republicans plan to move forward with a plan to cut, cap, and balanced budgets. >> this legislation is the kind of thing washington needs right now. it may be the only option if you want to see the debt ceiling raised at all. >> the bill is unlikely to pass the senate. the president will probably feel it anyway. john boehner called the veto threat unfortunate. he said if we're going to raise the debt ceiling, the white house must be willing to demonstrate more courage then we have seen. both sides are posturing. there is optimism. president obama continued negotiating with republican leaders. >> any progress? >> this comes as senate leaders are crafting a fallback measure to increase the nation's credit limit. a plan both houses of congress are said to consider promising. harry reid said the senate will meet every day including weekends until the debt issue is resolved. kate amara, reporting. >> who is watching your tax money? many americans think we spend 10% for pensions and benefits but it is much less. yo